Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — British sportswear retailer Frasers, formerly Sports Direct, said on Monday it had bought a 12.5 percent stake in British handbag maker Mulberry Group.
The deal will make British billionaire Mike Ashley’s Frasers the third biggest investor in Mulberry, according to Refinitiv data.
By Noor Zainab Hussain; editor: Shinjini Ganguli
Fashion brands are edging in on the world’s largest gathering of design professionals and their wealthy clients, but design companies still dominate the sector, which is ripe for further consolidation, reports Imran Amed.
Blocking the deal would set a new precedent for fashion M&A in the US and leave Capri Holdings in a precarious position as it attempts to turn around its Michael Kors brand.
After preserving his fashion empire’s independence for decades, the 89 year-old designer is taking a more open stance to M&A.
The sharp fall in the yen, combined with a number of premium brands not adjusting their prices to reflect the change, has created a rare opportunity to grab luxe goods at a discount.
